First International Bank of Israel is reducing its staff by up to 5% through a voluntary retirement program for up to 180 employees below management level. The bank's management will have a freer hand in…

Israir Airlines and Tourism Ltd. is adoptinmg a low-cost model and plans to begin charging for baggage. The company will conduct a pilot on its route to Bucharest, starting on February 18. From next week, a…

French sporting goods retail chain Decathlon has reached an agreement to open its fifth Israeli store, sources inform "Globes." The 3,000 square meter store will be in Netanya and estimates are that Decathlon will pay…

The relatively small store by the Swedish furniture giant's standards will be in Pavilion 11 at Tel Aviv Port, sources inform "Globes." Swedish furniture giant IKEA is to open a store in Tel Aviv, sources…

Israeli cloud computing company CloudEndure has confirmed that it has been acquired by Amazon's cloud services unit AWS, as first reported by "Globes" earlier this week. A notice on CloudEndure's website says, "CloudEndure is now…

German e-scooter company Wind launched its electric scooter services in Tel Aviv and will compete with Bird, which has been operating in Israel since last August. The company's plans were first reported by "Globes last…

The Israeli currency has pushed the dollar further below the NIS 3.70/$ threshold. The shekel is strengthening today against the dollar and weakening against the euro. In afternoon inter-bank trading, the shekel-dollar exchange rate is…